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ECONOMY

USA: Angolan Development Bank (BDA) confirms “USD 250 million” to boost production funding

Angolan Development Bank (BDA) has announced plans to reinforce the financing to the economy with a credit portfolio of up to USD 250 million...

Port of Luanda: Angola Delivers management of Multi-purpose Terminal of the Port of Luanda to the multinational DP World

The Angolan Government has awarded the concession, for 20 years, of the Multipurpose Terminal of the Port of Luanda to the multinational DP World...

Efacec: Norwegian competitor challenges contest due to connection to Isabel dos Santos

Cambi, a company competing with Efacec in the construction of a biogas plant in Norway, filed complaints due to the fact that the former...

Moody’s: Outlook for African banks to move to 2021 is negative

Moody's agency report points out that, in Angola, economic growth should recover to 2.5% in 2021 after five consecutive years of recession. The credit rating...

Angola: Sonangol authorized to sell positions in Mota-Engil Angola and Sonangalp

Angola approved by presidential decree the privatization of 51% that Sonangol holds in the fuel distribution company in which it is a partner of...
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